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Naughty and Nice: Tips for Post-Holiday Estate Planning

The holidays are over.  The champagne flutes and decorations are stowed away, and the prospect of spending hours feasting and reminiscing with your nearest and dearest at is again at a safe distance in the future.   The holiday season offers an opportunity to reflect on the people in your life and how you may […]

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Cathleen Bahan Consulting

Environmental Site Assessments: Essentials for Real Estate Investors

Buying or selling a commercial or investment property is a process, sometimes an involved one.  One of the more complex—and least understood—aspects of this process is the Phase I Environmental Site Assessment (ESA).  We asked environmental attorney James J. Periconi to explain some of the essentials of Phase I ESAs and why it is often […]

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Cathleen Bahan Consulting

Fall Update: What’s Happening in Real Estate

For many people, back to school time is also back to business time.  Certain industries and markets – like real estate – which tend to quiet down in August, start to see new life in September.  Holm & O’Hara LLP’s Fall Real Estate Update covers four topics of interest to those who are likely to buy or […]

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Cathleen Bahan Consulting

Estate Planning: The Fun and the Factual ​

Very few people enjoy estate planning. After all, who wants to think about why you need an estate plan in the first place? But as with many human endeavors, estate planning does have a lighter side. Here are five fun facts from Holm & O’Hara LLP lead Trusts & Estates Partner Chaya Biskin-Sitko, who compiled them […]

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Cathleen Bahan Consulting

Altman Ruling Offers Clarity – and Opportunity – for NYC Real Estate Investors

On April 26, 2018, New York State’s highest court – the Court of Appeals – unanimously ruled in a case that had created significant uncertainty for owners and tenants of many multifamily buildings in New York City since 2014. In Altman v. 285 West Fourth LLC, tenant Richard Altman asserted that his apartment had been […]

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Cathleen Bahan Consulting

NNN Properties:  An Opportunity for Real Estate Investors

Like everything else in the current global economy, investing in real estate is not quite as straightforward as it used to be.  Urban multifamily buildings, once almost exclusively the domain of smaller, family-owned concerns, are increasingly sought by larger – even corporate – investors.  The stresses of dealing with unpredictable operating expenses and even less […]

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Cathleen Bahan Consulting

Now is the Time to Distribute Shares in Your Family Business

A proposed new IRS regulation could eliminate the tax advantages of transferring interest in family-owned businesses to family members. Under current rules, interest in family business may be transferred to family members at a discount.  The specific amount of the discount varies depending upon a number of factors including restrictions in the partnership agreement and […]

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Cathleen Bahan Consulting

Planning for a Rainy Day – Using a Life Insurance Trust To Care For Your Loved Ones and Provide Liquidity For An Estate

Introduction Many financial planners suggest people create a “rainy day” fund to handle unexpected cash needs that come up, like a car repair or an unexpected increase in a child’s after-school activity. But many people do not realize that having this type of liquid fund is an important part of estate planning, too. As people […]

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Cathleen Bahan Consulting

Make §1031 Like-Kind Exchanges Work for You

In spite of recent news reports showing that IRC §1031 is under attack (see our last update and a subsequent New York Times article),  the §1031 like-kind exchange remains a popular and viable strategy for deferring the entirety or a portion of capital gains taxes that would be due upon the sale of  appreciated value of certain classes of […]

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Cathleen Bahan Consulting

Non-U.S. Taxpayers Selling U.S. Real Estate Should Prepare for Higher Withholding

Non-U.S. Taxpayers who sell U.S. real estate holdings may be subject to withholding of 15% of the gross sales proceeds beginning February 16, 2016 under a provision of the “Protecting Americans from Tax Hikes Act of 2015.”  Previously 10% withholding was required for transactions over $300,000.  The new law requires 15% withholding on most transactions, […]

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Cathleen Bahan Consulting

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